Top 2 crypto assets that are deemed to pump exponentially, according to analyst Brian Jung

Popular crypto trader Brian Jung names 2 top altcoins with strong technical fundamentals and retreating from their previous all-time highs.

Avalanche (AVAX)

First on the trader’s list is Avalanche (AVAX). As the trader highlights, the coin reached an all-time high of $144.96 per token in the last 3 days, making it one of the ten most valuable cryptocurrency coins globally with a peak market cap of $31.5 billion.

“The new record capped a rapid rise for the cryptocurrency token that has doubled in value in the last month and is up over 3,000% from one year ago.”

The analyst points out one of the reasons for this spike in price is because of a new deal that Avalanche struck with consulting firm Deloitte that likely helped spur new interest in the coin and its underlying technology. However, the analyst points out that the market reaction was more of a case of “the right news at the right time,”:

“Its timing was coincident with a peak in frustration around the rising cost of using the Ethereum blockchain.”

 

Brian Jung adds that although “there is nothing specific about the Deloitte deal that is transformative to Avalanche,” it is a signal that Avalanche may have the right ingredients to compete with Ethereum and other all-purpose blockchains long-term.

Sandbox (SAND)

Next on the trader’s list is Sandbox (SAND), a blockchain-based gaming platform owned by Animoca Brands. This metaverse coin onched higher yesterday, building on its gains made across November to reach another record high.

According to Brian, this month’s exuberance was in part attributable to Sandbox’s announcement that it will open up part of its metaverse via its multi-week play-to-earn Alpha event beginning on November 29.

“The Alpha Pass is an NFT ticket that will allow players to completely explore the 18 experiences of the Alpha Season content and earn up to 1,000 $SAND and three exclusive NFT rewards.”

Additionally, the recent bout of buying across SAND spot markets came on hopes of a potential collaboration between The Sandbox and sports merchandise giant Adidas.

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